Examlex
The Unified Modeling Language is a collection of terms and diagrams designed to be used in object-oriented software projects
Product Costs
Costs directly associated with the production of goods, including direct labor, materials, and manufacturing overhead.
Period Costs
Costs that are expensed in the period in which they are incurred, not directly tied to the production process.
Contribution Margin
The difference between sales revenue and variable costs, showing how much revenue contributes towards covering fixed costs and profit.
Direct Manufacturing Cost
Expenses directly tied to the production of goods, including labor and materials.
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